What Kind of Trader are you?
Hi everyone,
As mentioned on our Facebook and Twitter page We'd like to know whether you know what kind of trader you are, and also why this is. For any new traders on here dont worry if you're not sure, the link below will tell you what kind of trader you are.
The aim of this discussion is to find out the most common type of trader on FxStat, why, and also for everyone to socially mingle and network with each other. (FYI i tend to be a hybrid of trend and counter trend trader, because i like to think i can predict the trends...) Probably why im still a rookie and yet to be a profitable, any veteran traders reading this I would love to hear from you with some advice! >puppy eyes<
http://bit.ly/17Ps8ee
I am part time trader! i can trade only twice or not more than 5 trades in a week with the take profit limit of 100 pips.. and i think its fine and enough for me.
I love to trade but nowadays on break. I am on different forums to see how other trades r trading to keep myself updated with trading knowledge.
I am doing forex business from 1 year. But i am still learning forex trading. Forex is very risky business so here you have to face losses and you also need to keep patient for this forex busienss other wise you will not survive this market. Thanks.
I' am new to trading ish, so have been scalping on demo trading (not working very well for me at the moment) basically because im working as well on the side.. I'd have to say im same as taqiniazi, a part -time trader
Can anyone explain to me briefly the difference between technical and fundamental analysis? it all seem pretty similiar to me and after attending the world money show's lecture im just getting worse
-cheers!
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Originally posted by yaminfxI am doing forex business from 1 year. But i am still learning forex trading. Forex is very risky business so here you have to face losses and you also need to keep patient for this forex busienss other wise you will not survive this market. Thanks.
Yes you're right and you have to come up with a good "risk management"plan.Demo account is good way to practice that.
Originally posted by yaminfxI am doing forex business from 1 year. But i am still learning forex trading. Forex is very risky business so here you have to face losses and you also need to keep patient for this forex busienss other wise you will not survive this market. Thanks.
Yes lots are saying that forex is very risky,thats why we need a risk management although this is hard to control even if we study/learn the importance of risk management.
Trend Trader!!! :> I'm not professional (yet) so having some fun... athough i should do some research and digest data rather than trading on my gut and going with the flow.
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Originally posted by Gerski
Originally posted by yaminfx
I am doing forex business from 1 year. But i am still learning forex trading. Forex is very risky business so here you have to face losses and you also need to keep patient for this forex busienss other wise you will not survive this market. Thanks.
Yes lots are saying that forex is very risky,thats why we need a risk management although this is hard to control even if we study/learn the importance of risk management.
Risk management is definitely a must, especially since i tend to be a mix of day and counter-trend trader.. If i wrongly assumed a trend was about to end and i invested a large amount of capital i would cry a lot of the times if S/L wasn't there
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Scalper!!!!! get in/out quick and dirty! means risk is manually reduced and i can pull out when things go south, and i can stay as much as i want when things go north!
Of course its important to be a calm scalper though, no point if you're anxious by personality though bcause trades always start negative and creep upwards... its particularly annoying when its dancing on breaking even.